Vodacom drops M-Pesa in South Africa
Vodacom is discontinuing its M-Pesa mobile money service in South Africa, following a review of the service’s viability. In a statement, Shameel Joosub, CEO, said: “Vodacom’s decision is based on [...]
South Sudan Keen on setting up a stock exchange
South Sudan Government says its keen on setting up a stock exchange with the help of the Capital Markets Authority(CMA) of Rwanda. This emerged when a delegation of civil servants from the [...]Why Rwanda is the best choice for WEF 2016
By IVAN R. MUGISHA, The EastAfrican KIGALI WILL host the 26th World Economic Forum on Africa in Kigali, whose theme, “Connecting Africa’s Resources through Digital Transformation,” fits perfectly with Rwanda’s [...]Tanzania’s Bank M to List On Dar Exchange, expand into Kenya
BANK M Tanzania has started procedures to issue an Initial Public Offer (IPO) at the Dar es Salaam Stock Exchange (DSE) in a bid to raise additional capital of 50Billion to [...]Largest Sovereign Wealth Fund’s Investment Journey in Kenya
What is a Sovereign Wealth Fund? A Sovereign Wealth Fund (SWF) is a state-owned investment fund or entity that is commonly established from balance of payments surpluses, official foreign currency [...]Sudan Gov't Launches Online Stock Market With US $34.8M Funding from AFDB
The Sudanese Government has announced the launch of an online stock market in the country’s capital, Khartoum – a landmark development in the Sudan’s financial history. This was launched last week [...]Africa's Youngest Billionaire says he is interested in Barclays Bank Kenya Tanzania
The 40 year old Tanzanian tycoon Mr Mohammed Dewji has announced in an interview on March 24 in the American news channel CNN,that he is interested in the resumption of [...]London Stock Exchange forms an Advisory Group to cater for the African Markets
The London Stock Exchange, the company that manages the UK financial market based in London, announced the establishment of an African Advisory Group, whose mission is to reflect on ways [...]NSE Kenya To Link Trade To Africa’s Top Exchanges
Investors at the Nairobi Securities Exchanges will in the coming years begin to trade in securities in other three top exchanges in Africa without opening an additional trading account under a plan [...]Mpesa stumbles in South Africa, Vodacom considers shutting it down
Vodacom is considering various options for its sluggish cellphone money transfer service M-Pesa.According to Fin24, Vodacom is exploring options for its M-Pesa business that range from enabling employees to generate [...]Uganda's Central Bank Sells 58.6% of Imperial Bank To Exim Bank for KES 691 Million
Uganda's Commercial Banks regulator, Bank of Uganda (BOU) has sold all the 58.6% shares of Imperial Bank Uganda Limited to Tanzania's Exim Bank (Uganda) Limited for Ksh 691 Million (US$6.788 million) in [...]Barclays National Bank Commerce of Tanzania to combine operations
Barclays Africa Group is discussing with Bank of Tanzania in a move to combine operations of its unit in Tanzania and National Bank Commerce (NBC). The two banks have been operating [...]
